ETH Supply Squeeze Imminent? Exchange Reserves Tanking

Just in: Ethereum is hitting a massive supply crunch on exchanges right now. I’m looking at the glassnode data and exchange reserves just hit a 5-year low. If this spot demand keeps up, we are looking at a serious liquidity squeeze. Everyone is talking about the ETF flow, but the real story is that there is simply no ETH left to buy. If you’re holding, keep your eyes on the $3,800 resistance. This could move fast.